The oil and gas company YPF reported a significant increase in profits in the third quarter of 2025, reaching $1.357 billion in EBITDA (earnings before interest, taxes, and amortization). This result was driven by increased shale oil production and a nearly 30% reduction in extraction costs. The company achieved record-breaking performance in unconventional resource development. Notably, at the beginning of October, it drilled a well of nearly 6,000 meters in just 11 days, reflecting an acceleration in execution rates and the adoption of automation and standardization processes. Total company investments for the quarter amounted to $1.017 billion, 70% of which was allocated to shale projects. YPF emphasized that the focus on unconventional resources contributed to cost reduction while sustaining production growth. Through a strategy that combines increased shale oil production and the phased exit from mature fields, the company improved its EBITDA and reduced costs by $1.3 billion annually compared to two years ago. As part of its unconventional resource development program, the company set a new record by drilling the longest well to date in Vaca Muerta, with a total length of 8,200 meters. Oil production reached 170,000 barrels per day, a 43% year-on-year increase, despite the sale of its 49% stake in the Aguada del Chañar block. In October, production continued to grow, reaching 190,000 barrels per day, allowing the company to meet its annual target ahead of schedule. Shale oil now accounts for 70% of the company's total production. Concurrently, the refining segment also showed positive progress: fuel sales grew by 3% compared to the previous quarter, and refineries reached the highest processing level in the last 15 years, consolidating the integration between the upstream segment and the refining and marketing business.
